THE BUDGETARY DEFICIT, THE CHALLENGES OF ECONOMY AND THE PROBLEMS OF FISCALITY IN ROMANIA IN THE YEAR 2016

MOLDOVAN Iosif, Lucian Blaga University of Sibiu

Abstract:
The official data concerning the general consolidated budget show that it recorded, at the end of the year 2015, a cash deficit of only 1.47% from the GDP (Gross domestic product), and the result recorded is the best from the past 10 years. The positive internal economic background will suffer a series of challenges in the year 2016, given by the international circumstances, as well as the maturity degree of the political decision makers, who risk subordinating certain budgetary fiscal measures to the political interests generated by the local and general elections. It is worth keeping in mind that the reduction of fiscality lead to a relative growth of the entrepreneurs’ trust in the state fiscal institutions, but this should be followed by the decrease of the negative effects of the pressure exerted on payers by the fiscal institutions, who do not distinguish between honest taxpayers and the ones who turn to tax evasion, and who must suffer the rigors of the law. To this, it is added the legislation that is sometimes contradictory and excessively heavy, the fact that the National Agency of Fiscal Administration does not have a clear and efficient system for the detection of activities with a high fiscal risk, which may be accomplished through the inter-connection of the specific databases of the specialized institutions of the state.

Keywords: Cash deficit, budgetary execution, fiscal framework, tax incentives, business plans

JEL Classification:

Volume: 68, Issue: 5

Pages: 8 - 18

Publication date: December, 2016

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/68501moldovan.pdf

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